IE University

Program Basics

• • Internationa MBA
  • IE Business School
  • Maria de Molina, 11, 13, 15
  • Madrid, 28006
  • Spain
  • Program Web site: http://imba.ie.edu/
  • Status: Private
  • Program e-mail address: imba.admissions@ie.edu
  • Graduate business school is accredited by:
    • Association to Advance Collegiate Schools of Business (AACSB)
    • Association of MBAs (AMBA)
    • EQUIS
    • European Foundation for Mgt. Development (EFMD)

SCHOOL BASICS

• Graduate business school enrollment:

  • Total: 2,500
  • Full-Time MBA: 633
  • Part-Time MBA: 138
  • Executive MBA: 336
  • PhD Program: 20
• • Other graduate degree programs:
    • Master of Accounting
    • Master of Electronic Commerce/Information Systems
    • Master of Finance
    • Other
    • Master of Human Resources
    • Master of Technology
    • Master of Marketing
    • Master of International Management/Business
  • Master in Biotechnology Management; Master in Sports Mangements; Master in Global Suply Chains; Master in Turism; Master of Laws in International Legal Practice

PROGRAM COSTS

• Total direct costs (tuition and required fees) of the entire MBA program:

  • Resident: $79,665.00
  • Nonresident: $79,665.00
  • Recommended annual budget (Resident): $40,000.00
  • Recommended annual budget (Nonresident): $40,000.00

PROGRAM LENGTH

• • Full-time program (months): 13

ADMISSIONS

• • Does the program have rolling admissions? Yes
  • Is proficiency in English required for admission? Yes
  • Is a minimum score on an English language proficiency test required? Yes

• Which English language proficiency tests are accepted?

  • • IELTS
    • TOEFL Internet Based Test
    • TOEFL Paper-based Test
• • Minimum paper-based TOEFL score required for MBAs: 600

• Relative Importance of Application Elements:

  • GMAT Score: Important
  • Resume/Work Experience: Very Important
  • Application Essays: Important
  • Interviews: Important
  • Recommendations: Important
  • Undergraduate Transcripts: Important

APPLICANTS

• • Applications (admitted and denied) to the newest class: 2,600
  • Applicants who were accepted to the most recent class: 32 %
  • Admitted applicants who enrolled in the newest class: 54 %
  • Applicant interviews are: Required
  • Applicants (admitted and denied) who were interviewed: 98 %
  • Admitted applicants who were interviewed: 100 %

APPLICANT POOL

• • International applications received: 96 %
  • Applications from women received: 20 %
  • Mean base salary forgone: $60,000.00
  • Median base salary forgone: $62,000.00

CLASS PROFILE

• Full-time students in newest entering class (2010-2011) that are:

  • Female: 33 %
  • International: 97 %

• Students from following regions:

  • Africa: 9 %
  • Asia: 17 %
  • Europe: 37 %
  • North America: 20 %
  • Latin America and the Caribbean: 16 %
  • Oceania: 1 %
  • Dual citizenship: 12 %
• • Mean months of work experience of newest entering class: 62
  • Median months of work experience of newest entering class: 62

• Middle 80% range of work experience of newest entering class in months:

  • From: 27
  • To: 96
• • Median age of entering class: 29
  • Mean age of entering class: 29

FINANCIAL AID

• • Full-time MBAs apply for financial aid through: Dedicated financial aid office at the B-school
  • Full-time MBAs who applied for financial aid for the current academic year: 65 %
  • Full-time MBAs receiving financial aid in the current academic year: 40 %
  • Mean MBA financial aid package for the current academic year: $21,000.00
  • Median MBA financial aid package for the current academic year: $20,000.00
  • On what basis are scholarships awarded?
    • a combination of need and merit
  • How does an applicant apply for scholarship consideration? Unique scholarship application
  • Mean scholarship awarded to full-time MBAs in the previous academic year: $18,000.00
  • Does the school offer a guaranteed loan to all MBAs regardeless of nationality? No

GMAT

• • Are applicants required to take the GMAT? No
  • Are applicants allowed to submit the GRE? Yes
  • If not, how are applicants' quantitative abilities checked before enrollment? Candidates may sbmit either GMAT, GRE or take the IE's admissions test

• GMAT score distribution (applicant pool):

  • 50th Percentile (median) 600
  • Average GMAT Score 590
  • 25th Percentile 520
  • 75th Percentile 630
  • 90th Percentile 720
  • 10th Percentile 450

• GMAT score distribution (incoming class):

  • 10th Percentile 630
  • Average GMAT Score 680
  • 50th Percentile (median) 680
  • 25th Percentile 650
  • 90th Percentile 730
  • 75th Percentile 690

CLASS OFFERINGS

• • Average number of students in a full-time MBA core class: 58
  • Average number of students in a full-time MBA elective class: 20
  • Elective courses available to full-time MBA students: 90

• Electives that have been added to the full-time program since June 30, 2010:

  • Undestanding Entrepreneurship in Latin America
  • Marketing for Luxury Products
  • High iImpact Coaching for Leadership
  • Liderando en la Cima
  • Diversity and Business Strategy

• Concentrations and specializations offered to full-time MBA students:

  • • Finance
    • Entrepreneurship
    • General Management
    • Human Resource Management
    • Operations Management
    • Strategy
    • Economics
    • Organizational Behavior
    • Corporate Social Responsibility
    • International Business
    • E-commerce
    • Statistics and Operations Research
  • skills

• Joint-degree programs offered to full-time MBAs:

  • • MBA/JD (Law)
    • MBA/Meng (Engineering - Manufacturing Management)
    • MBA/MIM (International Management)
    • MBA/MSM (Management)
• • Does the school offer an accelerated full-time MBA program? No

• The school believes that its leading areas of study for full-time MBA students are:

  • • Corporate Social Responsibility
    • General Management
    • Entrepreneurship
    • Other
    • Leadership
    • International Business

FACULTY

• • Faculty employed by the B-school: 590

• Full-time faculty:

  • Tenured: 101

• Adjunct/Visiting Faculty:

  • Tenured: 489

• Women on Faculty:

  • Tenured: 167

• International Faculty:

  • Tenured: 294

• Faculty with PhDs:

  • Tenured: 238

STUDENT LIFE

• Professional clubs available to full-time MBA students:

  • • Business Law
    • Corporate Social Responsibility/NetImpact
    • Entrepreneurship
    • Consulting
    • Other
    • Business Ethics
    • Finance
    • Marketing
    • Nonprofit
    • VC/ Private Equity
    • Environmental
    • High Tech
    • Information Technology
    • Investment Banking
    • Manufacturing
    • Media & Entertainment
    • Human Resources
    • E-business
    • New Media

• Networking clubs available to full-time MBA students:

  • • Hispanic Student Organization
    • International Club
    • Partners/Family
    • Women in MBA
    • Other
    • Volunteer
    • Gay/Lesbian/Bisexual
    • Wine

TEACHING/ACADEMICS

• Teaching methods used:

  • Case Study: 40 %
  • Experiential Learning: 10 %
  • Lectures: 20 %
  • Simulations: 10 %
  • Team Projects: 14 %
  • Other: 6 %

• Requirements for graduation:

  • • Students must write a complete business plan
    • Students are required to be fluent in more than one language by graduation
    • Students must have attended a minimum number of classes
    • Students must have earned a pre-determined GPA/Letter grade average
  • Students have to undergo a final exam which is a case study. It is an opportunity to showcase the knowledge they have acquired throughout the MBA in fornt of a panel of three evaluators (professors).

TECHNOLOGY

• • Amount spent: $9,000,000.00

B-SCHOOL ALUMNI

• • Living MBA alumni: 46,000
  • Active MBA alumni clubs: 129
  • Countries in which MBA clubs exist: 54
  • Living MBA alumni who gave in past year: 15 %
  • Mean gift from MBA alumni: $3,000.00
  • Did school receive an individual gift in excess of $10 million in the past academic year? No
  • Business School endowment: $9,766,000.00
  • Does the main university offer career placement services for alumni? Yes
  • Does the main university have an alumni networking Web site? Yes
  • University alumni networking site: http://alumni.ie.edu/usr/
  • Does the B-School have an alumni networking Web site? Yes
  • Business school alumni networking site: http://alumni.ie.edu/usr/
  • Does the B-SCHOOL offer career services for alumni? Yes
  • Do current MBA students have access to an alumni database? Yes

CAREER SERVICES

• • Graduates seeking full-time professional MBA employment: 73 %
  • Graduates not seeking employment: 14 %
  • Graduates for whom you have no information regarding employment: 13 %

• Primary source of job offer:

  • School-facilitated activities: 43 %
  • Graduate-facilitated activities: 57 %

• Job Offers for 2011 graduates

  • Received first job offer by graduation: 33 %
  • Received first job offer in three months following graduation: 50 %
  • Received first job offer more than 3 months after graduation: 16 %
  • Accepted first job offer by graduation: 21 %
  • Accepted first job offer in three months following graduation: 63 %
  • Accepted first job offer more than 3 months after graduation: 16 %

• Top recruiting organizations most recent academic year:

  • Johnson & Johnson 11
  • Telefonica 2
  • L'Oreal 2
  • Accentur 5
  • General Electric 2
  • Deloitte 3
  • The Boston Consulting Group 6
  • Google 2
  • Banco de Santander 2
  • Barclays 2
  • PricewaterhouseCoopers 3
  • Bayer Schering Pharma 2
  • HSBC 2
  • Samsung 2
  • Novartis 2

• Base salary, signing bonuses and other compensation for most recent employed graduates:

  • Mean base salary: $105,300.00

• Graduating students who accepted jobs in the following functional areas:

  • Consulting: 24 %
  • Finance/Accounting: 17 %
  • General Management: 21 %
  • Human Resources: 3 %
  • Marketing/Sales: 18 %
  • Management Information Systems: 3 %
  • Operations/Logistics: 4 %
  • Other: 10 %

• Graduating students who accepted jobs in the following industries:

  • Consulting: 25 %
  • Consumer Products: 12 %
  • Financial Services: 20 %
  • Manufacturing: 3 %
  • Media/Entertainment: 3 %
  • Non-Profit: 2 %
  • Petroleum/Energy: 7 %
  • Pharmaceutical/Biotechnology/Health Care: 6 %
  • Real Estate: 3 %
  • Technology: 10 %
  • Other: 9 %

• Graduates who accepted full-time jobs in the following regions:

  • Africa: 1 %
  • Asia: 16 %
  • Europe: 52 %
  • North America: 9 %
  • Latin America and the Caribbean: 22 %

• Top recruiting organizations for internships, most recent academic year:

  • EMZINGO 18
  • Johnson & Johnson 4
  • SANTANDER 4
  • Infosys Technologies 2
  • BT 2
  • Amazon 1
  • NOMURA 1
  • Telefonica 1
  • DELOITTE 1
  • Goldman Sachs 1
  • FACEBOOK 1
  • BOEHRINGER 1
  • BLOOMBERG 1
  • JP MORGAN 1
  • BBVA 1
• • Internships awarded that are paid: 90 %
• • Average internship length in weeks: 12

• • -IE's international MBA is a truly international program with world-class professors, a student body comprising over 60 nationalities, and a highly interactive and innovative curriculum.
    
    -I applied to IE because it was the only school genuinely entrepreneurial in nature, plus when combined with the quality of teaching, the value for money is unmatched. Also, during interactions with the school before applying, responses were always with a pleasant and interested attitude. Once at the school, all the above expectations were met. I got a great education at a highly ranked school leading to a great job, with an option to set up an already appraised business if I choose with highly capable advisers on tap.
    
    -Madrid is the best city for students, and the school is well positioned in the city's center. Most students come from Latin countries, including Italy and Spain, and they are very open minded and passionate.
    
    -IE Business School differentiates itself from other business schools. Both entrepreneurship and corporate social responsibility are alive throughout the program. Competition is certainly lower than at other b-schools, and friendship and openness are real. Many opportunities are given to students for international exchanges, internships, and venture development.
    
    -My impression from campus visits and talking to friends who attended various schools is that the "diversity" of U.S. programs is somewhat of a facade, especially compared to my experience in Europe. I only mention this because of the valuable knowledge and interpersonal skills I gained due to the truly international student body.
    
    -IE Business School's MBAs are pretty good, but the career department of the institution is far from being [at the caliber of a] top 10 MBA program. They have too few personnel, and the offers are not that different from the ones you can find in an Internet job Web site. If you see, for example, IESE´s career department, it seems to be far superior because the top consultancy companies do special recruitment at its campus and have truly good connections with its career department. That is not existent at IE, and it really needs to improve this issue. It is not good when these top-tier companies don´t have completely established recruitment processes with a top-tier school such as IE.
    
    -I would recommend the school if my friends had decided to earn an MBA. The program's duration (14 months) was perfect because two years is too long, and 10 months is too short. The central, city location was great for quality of life and for partners. The quality of the teaching was generally excellent. The diversity of students (nationalities, ages, and backgrounds) makes for a great network.
    
    -IE Business School is not for everyone. I would urge friends with a more entrepreneurial profile, who are interested in sustainability issues, globalism, and soft skills to apply. Some friends definitely would be better off in other schools.